A major brokerage has secured a five-year deal with a government insurance scheme.
An Australian industry group has panned unions for foisting expensive insurance products on employers to pocket commissions from insurance companies.
Loss assessors have started assessing the damage caused by the bushfire in Perth Hills, and federal and state governments have pledged additional funds to help with the clean-up.
Ministers are said to have until the end of this week to read a draft version of the bill.
Whose passionate plea and clever comment nabbed them this week’s title?
An insurer calls for the government’s reforms to take a deeper look at the surrounding issues and industry bodies voice their views as the debate over strata insurance intensifies.
An insurance CEO has defended his company’s decision to pay commissions to strata managers, arguing that there is no conflict of interest.
He spent a decade as CEO for the Australian Bankers’ Association and has held a string of corporate affairs and communications roles, but now a PR grandee is charged with raising the public profile of actuaries.
Reforms to tackle the conflicts of interests over strata managers receiving commissions from insurers have been heavily criticised.
A ‘root and branch’ review of the Australian financial system could also be a chance to look at risk management in the broader community, according to industry bosses.